US investigation into Mirror Trading International confirmed
Mirror Trading International’s liquidators have confirmed the existence of a US investigation into Mirror Trading International.
The news follows months of inaction by South African authorities. [Continue reading…]
AIM Global relaunches pyramid scheme with OrbiXVictus
I had some errands to run so I flipped open YouTube to put something on in the background while I finished getting ready.
Having been researching AIM Global the day before, Google’s algorithms figured I’d be interested in a new marketing video featuring Ed Cabantog.
All of a sudden AIM Global’s MLM opportunity being in a mess made sense. [Continue reading…]
Kynect Energy acquired by ACN, MLM opportunities merged
A reader let me know ACN had acquired Kynect Energy back in June.
BehindMLM hadn’t reviewed Kynect Energy so I queued it up, figuring I’d cover the merger as part of the review.
Today Kynect Energy came up for review. Upon heading to its still up website to begin my research, I quickly learnt that Kynect Energy now exists in name only. [Continue reading…]
John DeMarr pleads guilty to Bitcoiin fraud charge
After pleading not guilty to four counts of Bitcoiin related fraud in April, a few days ago DeMarr entered a change of plea. [Continue reading…]
Global Investment Trading fraud warning from Quebec, Canada
Global Investment Trading (dba Liyeplimal), has received a fraud warning from Quebec’s Autorite Des Marches Financiers. [Continue reading…]
Oman bans MLM, equates it to “pyramid marketing”
Oman’s Ministry of Commerce has equated MLM to “pyramid marketing”.
As a result of the classification, Oman has issued a directive banning MLM nationwide.
The Ministry of Commerce outlawed MLM in Oman as per the Trade Law, Royal Decree No. 55/90. [Continue reading…]
AIM Global Review 3.0: Empowered Consumerism?
BehindMLM has published two reviews on Alliance in Motion Global (AIM Global).
Our initial review was published in 2013. We found a Philippine MLM company operating as a product-based pyramid scheme.
You know the deal; sign up as an affiliate, commit to a monthly spend and recruit others who do the same.
In our second AIM Global review, published in 2018, we revisited the company due to compensation changes.
While there were compensation changes, Alliance in Motion Global was still operating as a product-based pyramid scheme.
Although the payouts have slightly changed, Alliance in Motion Global is still very much a recruitment driven MLM opportunity.
Retail is a joke, as evidenced by Alliance in Motion still not fixing their website product page after five years.
A few months ago a reader got in touch to request a review of AIM Global’s latest marketing campaign; Empowered Consumerism.
Apparently the AIM Global company name was toxic, prompting rebranding of the MLM opportunity.
When AIM Global came up for review two months ago, I noted website errors that I was hoping would be fixed.
They haven’t, so we’re pressing ahead with the review anyway.
Read on for a 2021 updated review of Alliance in Motion Global. [Continue reading…]
Kovars not putting up a fight in SEC’s Profit Connect case
Defendants Brent Carson Kovar and Joy Irene Kovar stand accused of running Profit Connect, which the SEC alleges was a $12 million dollar Ponzi scheme.
Recent filings suggest the Kovars don’t intend to put up a fight. [Continue reading…]
Global Trading Club scammers settle CFTC fraud charges
The CFTC has approved settlements with three of four Global Trading Club scammers.
The Global Trading Club settlements were presented to the court on July 27th as consent orders. [Continue reading…]
Kirill Doronin facing ten years in prison over Finiko fraud
Following his arrest last Friday, details of Kirill Doronin’s criminal charges have been revealed.
Russian authorities have charged Doronin ‘under Part 4 of Article 159 of the Criminal Code (fraud by a group of persons or on an especially large scale)’.
If convicted, Doronin faces a maximum ten year prison sentence. [Continue reading…]
